Industrial growth places increased demand on Mexico’s labor supply
With the arrival of Bombardier, in 2006, several OEMs have established operations in clusters across the country. Indeed, Mexico has ranked as the largest recipient of aerospace-related FDI for the past three years, a trend that has spurred the development of a consolidated supply chain. However, industrial growth has also increased demand for qualified workers, with companies implementing new measures to retain talent amid a sector-wide average turnover rate of 10% as of June and double-digit turnover at several plants. “Mexico needs to learn how to plan, manage, control and nourish its workforce. If the country initiates its path towards better talent management, Mexico will certainly experience growth in its economy and technology and it will be able to limit collapses due to labor demonstrations,” said Juan Carlos Hernández, General Manager of Industrias Energeticas.